HSBC Holdings plc Sponsored ADR (HSBC)
HSBC begins axing investment banking jobs in London
Job cuts at HSBC Holdings PLC (LSE:HSBA) have been extended to its investment bank functions in London, according to reports. The bank is axing "hundreds" of jobs in London and other European financial centres as part of chief executive Georges Elhedery's streamlining plans, Financial News website reported, citing insiders.
HSBC says Trump tariffs carry more risks for its clients than for the bank
Michael Roberts, HSBC's CEO of corporate and institutional banking, says it's up to the bank to think through the risks for its clients.
HSBC analyst cut Nvidia stock price target, but expects Blackwell revenue to support guidance
HSBC's Frank Lee dismisses capex worries for Nvidia as hyperscalers continue to boost spending for the foreseeable future.
HSBC Holdings Continues To Reward Shareholders
HSBC Holdings plc remains our largest portfolio position, with a 39% share price increase over the past 12 months, outperforming the S&P 500. Despite a 6.6% drop in net interest income, HSBC's net profit for FY 2024 improved to $25 billion, with an attractive P/E ratio of 9.2. HSBC's dividend yield stands at 7.6%, significantly higher than JPM's 1.7%, and the bank has initiated substantial share buybacks, enhancing shareholder returns.
HSBC Holdings plc (HSBC) Q4 2024 Earnings Call Transcript
HSBC Holdings plc (NYSE:HSBC ) Q4 2024 Earnings Conference Call February 19, 2025 2:45 AM ET Company Participants Georges Elhedery - Group Chief Executive Officer Pam Kaur - Group Chief Financial Officer Neil Sankoff - Global Head of Investor Relations Conference Call Participants Gurpreet Sahi - Goldman Sachs Group, Inc. Kian Abouhossein - JPMorgan Chase & Co. Benjamin Toms - RBC Capital Markets Kunpeng Ma - China Securities Jeremy Hou - CICC Andy Coombs - Citigroup Inc. Amit Goel - Mediobanca Katherine Lei - JPMorgan Chase & Co. Joe Dickerson - Jefferies Aman Rakkar - Barclays Robert Noble - Deutsche Numis Operator Ladies and gentlemen, welcome to the Investor and Analyst Webinar for HSBC Holdings plc's 2024 Annual Results. For your information, this call is being recorded.
HSBC and four other banks agree settlement after rigging UK govt bond auctions
Fines of just £100 million have been dished out to bankers from HSBC Holdings PLC (LSE:HSBA), Citigroup Inc (NYSE:C), Morgan Stanley (NYSE:MS) and Royal Bank of Canada (TSX:RY) for rigging UK government bond sales. The bankers unlawfully shared what would normally be competitively sensitive information about aspects of the pricing of gilts between 2009-2013, using Bloomberg's one-to-one chat messaging platform.
HSBC's Q4 Pre-Tax Earnings Jump, $1.5B Cost-Savings Plan Revealed
Lower expenses support HSBC's Q4 results. The company announces a $1.5 billion cost savings plan, to be achieved by 2026-end.
HSBC to Sell Bahrain Retail Banking Operations Amid Restructuring
HSBC agrees to offload its retail banking operations in Bahrain, excluding its corporate and private banking businesses, amid an ongoing transformation plan.
HSBC unveils cost cuts in drive to create a 'simple, more agile, focused bank'
HSBC's new CEO Georges Elhedery aims to save $300 million in 2025. The bank also plans to reduce its cost base by $1.5 billion by the end of next year.
HSBC buyback gets mixed reception, shares look 'up with events' say analysts
HSBC Holdings PLC (LSE:HSBA) shares were little moved after the FTSE 100 bank posted its final results, with analysts saying there was little to change opinions with the shares close to a 20-year high. Analysts at UBS said underlying fourth-quarter profit before tax was 9% above the consensus forecast, with net interest income slightly ahead of estimates and net interest margin also a beat.
HSBC pushes back climate emissions target, to review policies
HSBC , Europe's biggest bank by assets, said on Wednesday it was pushing back its emissions-reduction goal to mid-century, as the real economy was moving too slowly to net zero, and would look to review its lending targets and policies.
HSBC launches $2bn buyback and new targets as profits beat forecasts
HSBC Holdings PLC (LSE:HSBA) announced a $2 billion share buyback as it posted final results for a year when revenue was flat and underlying profits rose 4.3% to beat market expectations. Chief executive Georges Elhedery, who was promoted to the top job last September, said his main focus has been “simplifying” the business and injecting “energy and intent”, with a focus on cost discipline that included new targets unveiled for around $300 million of cost reductions in 2025 and a $1.5 billion reduction in the cost base by the end of 2026 – though the job cuts will require £1.8 billion of severance and other costs.
